South32's aluminium production and asset sale highlight a strong start to FY25
South32 has reported increased production across its operations in the first quarter of the 2024–25 financial year (Q1 FY25), maintaining its production guidance for the period.
South32 Limited is a mining and metals company headquartered in Perth, Western Australia and follows the Australian financial year, which starts on July 1, with the last day occurring the following year on June 30.
In addition to these operational gains, the company successfully completed the sale of its Illawarra Metallurgical Coal business. The asset was sold to a joint venture between Golden Energy and Resources and M Resources for $US964 million (approximately A$1.4 billion), marking a significant milestone for the mining giant.
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